Peter Lewis: A fast moving and topical business and finance show.
A fast moving and topical business and finance show bringing you breaking business and economic news and financial market updates. Presented by former CEO and investment bank global trading head Peter Lewis, with over 30 years' industry experience. Join Peter and his expert guests for analysis and discussion on the day's top business stories live from 8 a.m. to 8.30 a.m. every weekday morning on RTHK Radio 3. We have a podcast to download after the show and you can also listen through the RTHK Radio 3 website live or later in the day. We welcome your questions, comments and feedback to read out in the show. You can email us at email@example.com, post on our Facebook page "Money Talk on RTHK Radio 3 " or find us on twitter "MoneytalkR3") .
The US Commerce Department has recommended that The Trump Administration impose global tariffs of at least 24% on imports of steel with potentially higher tariffs for a small group of countries including China who are accused of over production. A global tariff of 7.7% is also recommended for aluminium. China’s Ministry of Commerce has threatened retaliation if they are implemented.
In the Baltic state of Latvia the head of the country’s central bank has been detained by the country's anti-corruption agency. His home and offices at the Bank of Latvia were both raided by officers. In addition, the European Central Bank has halted all payments by Latvia’s third largest bank, ABLV, following allegations of money laundering relating to North Korea which have prompted a “significant deterioration” in its liquidity position.
Ahead of next week’s budget in Hong Kong, Financial Secretary Paul Chan said on Saturday that he planned to use a surplus which could be as high as HK$160 billion on a "targeted basis". However, pro-government lawmaker Alice Mak, from the Federation of Trade Unions, said the government shouldn't just leave the money sitting in public coffers and called for a cash handout of at least HK$6,000 for Hong Kong people.
Joining the programme today are Connie Bolland of Economic Research Analysis and Gavin Parry from Parry International Trading. Providing the view from Japan is Tokyo-based journalist & author, William Pesek.
20/02/2018 - 8:08 Business and Market Discussion
Connie Bolland, Founder & Chief Economist of Economic Research Analysis, comments that the weak US Dollar could bring better stock performance in Hong Kong in the year of the dog.
Gavin Parry, Managing Director at Parry International Trading, advises investors to consider the impacts of US President Trump's protectionist measures when assessing the US external debt.
20/02/2018 - 8:25 Views from Japan
Tokyo-based journalist & author William Pesek points out that Bank of Japan governor Haruhiko Kuroda has been the most active participant in the Japanese Prime Minister Shinzo Abe's administration, and Mr. Pesek comments that Abe's decision to re-appoint Kuroda for a second term is "a wise move and a significant moment for Japan"
President Donald Trump has escalated his rhetoric on North Korea saying his statements may not have been “tough enough.” Pyongyang says it will have plans for a missile strike near Guam ready in a matter of days. Shares on Wall Street and around the world have fallen sharply in response to the rising geopolitical tensions. The dollar has also dropped and gold has jumped higher.
Facebook is to launch a new video service called Facebook Watch. It will allow users to personalise their viewing based on what their friends are watching and Facebook will also produce its own original content.
China has hit back at a preliminary US judgement that Chinese aluminium foil producers received subsidies of between 17 to 81%. Beijing says the allegations are “groundless” and it could damage economic relations.
We have a programme packed with CEO’s. Joining today’s Money Talk to review the local markets are Francis Lun, CEO of GEO Securities and Sam Faveur, CEO of Mandarin Capital. Toby Lawson, CEO of Societe Generale Securities in Sydney provides his regular Friday view from down under. After 8:30, Jonathan Zeman CEO of Lan Kwai Fong Group discusses the latest trends in HK’s leisure & entertainment sector. Finally, in our Friday entrepreneurs segment, we meet Aries Lee, founder of HoHoLife whose lifestyle store provides products to improve the quality of life for the elderly. (8am-9am, email to firstname.lastname@example.org)
11/08/2017 - 08:08 Business and Market Discussions
11/08/2017 - 08:22 View from Australia
11/08/2017 - 08:33 Lan Kwai Fong Group